Post
Topic
Board Speculation (Altcoins)
Re: Am I considered a whale if I trade with $10,000
by
Yuuto
on 24/03/2018, 00:05:54 UTC
Just wondering. Would I be considered whale  Huh

Depends on what markets you actually trade in.

If you trade in a very small market then you could potentially be considered a whale. But then it wouldn't mean much as the volume itself is going to be super low anyways, but each of your moves will be impactful on the market.

If you're trading a big coin like ETH or LTC, then there is no chance that you will be considered a whale. You're above average, but I'd say a whale needs to have at least $1 mil of a particular coin invested in his portfolio. Most people will hit you up with a market value trade under $10k no problems, not the same if you're dealing with $1 mil.